(A) Adequate Information: The mutual fund total in the beginning of the year is $200 million. The shares outstanding are 10 million. The dividend income accounts for $2 at the year end. The increase in price of fund portfolio takes place by 8%. The 12b-1 fees charged by the fund accounts for 1% To calculate: Net asset value for the investor at the beginning and the year end Introduction: Net asset value is ascertained by subtracting the total value of liabilities from the total value of asset of any entity. It reflects the net value of a particular entity at a particular point of time. It is generally used in context of exchange traded funds and mutual funds.

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Answer 1

Question

Chapter 4, Problem 21PS

Summary Introduction

(A)

Adequate Information:

The mutual fund total in the beginning of the year is $200 million. The shares outstanding are 10 million. The dividend income accounts for $2 at the year end. The increase in price of fund portfolio takes place by 8%. The 12b-1 fees charged by the fund accounts for 1%

To calculate:

Net asset value for the investor at the beginning and the year end

Introduction:

Net asset value is ascertained by subtracting the total value of liabilities from the total value of asset of any entity. It reflects the net value of a particular entity at a particular point of time. It is generally used in context of exchange traded funds and mutual funds.

Summary Introduction

(B)

To calculate:

Net rate of return on the fund for the investor

Introduction:

Rate of return refers to the ratio of loss or profit ascertained in the financial year with respect to the investment which is generally expressed in percentage of decrease or increase in the investment's value during the given period of time.

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4. On August 20, Mr. and Mrs. Cleaver decided to buy a property from Mr. and Mrs. Ward for $105,000. On August 30, Mr. and Mrs. Cleaver obtained a loan commitment from OKAY National Bank for an $84,000 conventional loan at 5 percent for 30 years. The lender informs Mr. and Mrs. Cleaver that a $2,100 loan origination fee will be required to obtain the loan. The loan closing is to take place September 22. In addition, escrow accounts will be required for all prorated property taxes and hazard insurance; however, no mortgage insurance is necessary. The buyer will also pay a full year's premium for hazard insurance to Rock of Gibraltar Insurance Company. A breakdown of expected settlement costs, provided by OKAY National Bank when Mr. and Mrs. Cleaver inspect the uniform settlement statement as required under RESPA on September 21, is as follows: I. Transactions between buyer-borrower and third parties: a. Recording fees--mortgage b. Real estate transfer tax c. Recording fees/document…

Answer 2

Question

Chapter 4, Problem 21PS

Summary Introduction

(A)

Adequate Information:

The mutual fund total in the beginning of the year is $200 million. The shares outstanding are 10 million. The dividend income accounts for $2 at the year end. The increase in price of fund portfolio takes place by 8%. The 12b-1 fees charged by the fund accounts for 1%

To calculate:

Net asset value for the investor at the beginning and the year end

Introduction:

Net asset value is ascertained by subtracting the total value of liabilities from the total value of asset of any entity. It reflects the net value of a particular entity at a particular point of time. It is generally used in context of exchange traded funds and mutual funds.

Summary Introduction

(B)

To calculate:

Net rate of return on the fund for the investor

Introduction:

Rate of return refers to the ratio of loss or profit ascertained in the financial year with respect to the investment which is generally expressed in percentage of decrease or increase in the investment's value during the given period of time.

Expert Solution & Answer

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Answer 3

Question

Chapter 4, Problem 21PS

Summary Introduction

(A)

Adequate Information:

The mutual fund total in the beginning of the year is $200 million. The shares outstanding are 10 million. The dividend income accounts for $2 at the year end. The increase in price of fund portfolio takes place by 8%. The 12b-1 fees charged by the fund accounts for 1%

To calculate:

Net asset value for the investor at the beginning and the year end

Introduction:

Net asset value is ascertained by subtracting the total value of liabilities from the total value of asset of any entity. It reflects the net value of a particular entity at a particular point of time. It is generally used in context of exchange traded funds and mutual funds.

Summary Introduction

(B)

To calculate:

Net rate of return on the fund for the investor

Introduction:

Rate of return refers to the ratio of loss or profit ascertained in the financial year with respect to the investment which is generally expressed in percentage of decrease or increase in the investment's value during the given period of time.

Expert Solution & Answer

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Answer 4

Question

Chapter 4, Problem 21PS

Summary Introduction

(A)

Adequate Information:

The mutual fund total in the beginning of the year is $200 million. The shares outstanding are 10 million. The dividend income accounts for $2 at the year end. The increase in price of fund portfolio takes place by 8%. The 12b-1 fees charged by the fund accounts for 1%

To calculate:

Net asset value for the investor at the beginning and the year end

Introduction:

Net asset value is ascertained by subtracting the total value of liabilities from the total value of asset of any entity. It reflects the net value of a particular entity at a particular point of time. It is generally used in context of exchange traded funds and mutual funds.

Summary Introduction

(B)

To calculate:

Net rate of return on the fund for the investor

Introduction:

Rate of return refers to the ratio of loss or profit ascertained in the financial year with respect to the investment which is generally expressed in percentage of decrease or increase in the investment's value during the given period of time.

Expert Solution & Answer

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Answer 5

Chapter 4, Problem 21PS

Summary Introduction

(A)

Adequate Information:

The mutual fund total in the beginning of the year is $200 million. The shares outstanding are 10 million. The dividend income accounts for $2 at the year end. The increase in price of fund portfolio takes place by 8%. The 12b-1 fees charged by the fund accounts for 1%

To calculate:

Net asset value for the investor at the beginning and the year end

Introduction:

Net asset value is ascertained by subtracting the total value of liabilities from the total value of asset of any entity. It reflects the net value of a particular entity at a particular point of time. It is generally used in context of exchange traded funds and mutual funds.

Summary Introduction

(B)

To calculate:

Net rate of return on the fund for the investor

Introduction:

Rate of return refers to the ratio of loss or profit ascertained in the financial year with respect to the investment which is generally expressed in percentage of decrease or increase in the investment's value during the given period of time.

Answer 6

Chapter 4, Problem 21PS

Summary Introduction

(A)

Adequate Information:

The mutual fund total in the beginning of the year is $200 million. The shares outstanding are 10 million. The dividend income accounts for $2 at the year end. The increase in price of fund portfolio takes place by 8%. The 12b-1 fees charged by the fund accounts for 1%

To calculate:

Net asset value for the investor at the beginning and the year end

Introduction:

Net asset value is ascertained by subtracting the total value of liabilities from the total value of asset of any entity. It reflects the net value of a particular entity at a particular point of time. It is generally used in context of exchange traded funds and mutual funds.

Answer 7

Chapter 4, Problem 21PS

Summary Introduction

(A)

Adequate Information:

The mutual fund total in the beginning of the year is $200 million. The shares outstanding are 10 million. The dividend income accounts for $2 at the year end. The increase in price of fund portfolio takes place by 8%. The 12b-1 fees charged by the fund accounts for 1%

To calculate:

Net asset value for the investor at the beginning and the year end

Introduction:

Net asset value is ascertained by subtracting the total value of liabilities from the total value of asset of any entity. It reflects the net value of a particular entity at a particular point of time. It is generally used in context of exchange traded funds and mutual funds.

Answer 8

Summary Introduction

(B)

To calculate:

Net rate of return on the fund for the investor

Introduction:

Rate of return refers to the ratio of loss or profit ascertained in the financial year with respect to the investment which is generally expressed in percentage of decrease or increase in the investment's value during the given period of time.

Answer 9

Summary Introduction

(B)

To calculate:

Net rate of return on the fund for the investor

Introduction:

Rate of return refers to the ratio of loss or profit ascertained in the financial year with respect to the investment which is generally expressed in percentage of decrease or increase in the investment's value during the given period of time.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 4 - Prob. 1PS Ch. 4 - Prob. 2PS Ch. 4 - Prob. 3PS Ch. 4 - Prob. 4PS Ch. 4 - Prob. 5PS Ch. 4 - Prob. 6PS Ch. 4 - Prob. 7PS Ch. 4 - Prob. 8PS Ch. 4 - Prob. 9PS Ch. 4 - Prob. 10PS

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